Form 4: Freshworks Director Randy Gottfried Receives Annual RSU Grant

Director Randy Gottfried received an annual grant of 15,116 Restricted Stock Units (RSUs) from Freshworks Inc. on July 1, 2024, vesting on July 1, 2025.

Summary

• Randy Gottfried, a director at Freshworks Inc., received an annual grant of 15,116 Restricted Stock Units (RSUs) on July 1, 2024.
• These RSUs represent a contingent right to receive one share of Freshworks' Class A Common Stock upon settlement.
• The number of RSUs was calculated based on the equity value divided by the average closing price of Freshworks' common stock over the 30 trading days preceding July 1, 2024.
• The RSUs will vest in full on July 1, 2025, contingent on continued service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, indicating stable corporate governance and compensation practices. It's a neutral event with a slightly positive implication for alignment of interests.

Positives

• The RSU grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of equity compensation is standard practice for directors of publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• RSU grants are a common form of compensation for directors in the tech industry, similar to practices at companies like Salesforce, Zoom, and Atlassian.
• The vesting period of one year is also typical for these types of grants.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign of aligning director interests with company performance.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates